Here's the Spiderweb System EA

Hi,

I have created an EA according to the rules as specified for the Spiderweb strategy take from this thread:

http://www.forexfactory.com/showthread.php?t=180292

As you can see, it seems awesome when I backtest it from 1 Jan 2010 to 25 May 2010.

But when I backtested it from 1 Jan 2009 onwards, it failed horribly in the first month itself.

You can download the EA and the code files below.


EMA 7 (red) and EMA 14 (blue) Exponential close
The Awesome Oscillator

The Spiderweb strategy is very simple: at the beginning of each hour, you ask these 2 questions: 1. Did the EMAs cross? 2. Does the AO have the right color?
If the answer is 2 x YES, you can trade. In all other cases, you wait.
Same for closing: after each hour, you check the charts to see whether the AO still has the same color, or has changed in color. As long as it is stil the same color, you stay in the trade. If changed, then close.

__________________

hmm.. i have bad results on all timeframes with default settings.

What TF and settings do you use?

This is supposed to be for the 1 hour chart.

The system opens and close trades exactly as specified.

Try running it for the month of may. You would get positive results.

Testing with Lotsize = 0.1
All other settings on default

From january till now..
It has a few good trades but too many bad ones

Did your run this test on the weekend? I think the spreads are not good.

Yes, on Saturday..
But my Spread is always the same.. 2 pips

I have run a few tests with this EA, but the results were almost the same.
Maybe you have better results..?

Riddler

I have not backtested this but I demo'd it today and it was great. $ wins with 4 trades.
Can't beat the deal.
s